Glenwood, IA vs Storm Lake, IA

Glenwood, IA and Storm Lake, IA have a very similar cost of living, with only a 4.8% difference in their overall index. Glenwood scores 74 while Storm Lake scores 70 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Glenwood is $842/month compared to $830/month in Storm Lake — a 1% difference. Home values follow the same pattern: Storm Lake is more affordable at $163,600 median vs $193,800.

Median household income in Glenwood is $69,320 compared to $58,341 in Storm Lake (+18.8%). While Glenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Glenwood spend roughly 14.6% of their income on rent, less than the 17.1% in Storm Lake.